Day: September 26, 2018

Blockchain Mass Adoption to Come through Games, but “Killer Apps” Needed

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With the recent increase in popularity of the blockchain technology, many believe that it is only a matter of time before this tech enters the mainstream. However, to do that, it will first need a catalyst, and many have been wondering for a while just what that might be. According to Loom Network’s recent Medium post, blockchain technology may have found that catalyst in various blockchain-based games. The post pointed out that the numerous recent announcements made by the company revolve around Zombie Battleground, a collectible card game based on…

Deloitte to Assist Insurance-Focused Blockchain Consortium to Expand Into Canada

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‘Big Four’ audit and consulting firm Deloitte will help The Institutes RiskBlock Alliance blockchain consortium expand into Canada, according to an announcement published September 25. RiskBlock Alliance is a U.S.-based consortium launched in 2017, which focuses on the application of blockchain technology in the insurance industry, with more than 30 participant organizations. The alliance is reportedly looking to launch blockchain-based applications, including a proof of insurance app, which is “a first notice of loss data-sharing process and a smart contract-enabled subrogation tool.” In the coming months, Deloitte will reportedly help RiskBlock…

Is it time for Bitcoin’s Wild Financial Run to Be Reined in?

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Satoshi Nakamoto set the spark under a massive pile of bone-dry lumber: Bitcoin and the thousands of projects inspired are allegedly setting fire to every conceivable industry on the planet. Bitcoin and Cryptocurrency What made Bitcoin so revolutionary was the fact it was the first widespread decentralized currency. No central bank or authority is dictating policies on the currency. In its place, developers, hard-line code, and a robust community would dictate changes. While Bitcoin has, for the most part, run its course unaffected by legal authorities for the first nine…

FedEx Joins Hyperledger Blockchain Hub, ‘Big Implications’ for Logistics

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American courier delivery services giant FedEx has joined Hyperledger, an open-source project established to improve cross-industry blockchain technologies, according to a press release published September 26. Hyperledger, which is hosted by the Linux Foundation, enables organizations to build blockchain-based industry-grade applications, platforms and hardware systems in the context of their individual business transactions. In joining Hyperledger, FedEx has become one of over 270 members. Other member companies include IBM, Intel, Deutsche Boerse, and J.P. Morgan. Kevin Humphries, Senior Vice President, IT, FedEx Services said that blockchain technology has “big implications”…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 26

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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. Though cryptocurrencies are stuck in a bear market, it hasn’t managed to scare away investors. A report by the Satis Group predicts digital currency trading volume to grow by over 50 percent in 2019. They also anticipate a compound annual growth rate (CAGR)…

Ripple Expat Jed McCaleb Ramps up XRP Sell-Off as Market Rallies

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The co-founder of two of the six most valuable cryptocurrency tokens is capitalizing on a September rally to ramp-up the speed at which he cashes out of one of those assets: ripple (XRP). Why a Ripple Co-Founder is Cashing Out Jed McCaleb, instrumental in the launch of both Ripple and Stellar — as well as the cryptocurrencies associated with them — has in recent weeks increased the rate at which he is selling his remaining XRP tokens, which are meted out to him on a daily basis. McCaleb’s increased selling…

Walmart Demands Salad Growers to Use Blockchain for Food Safety

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Walmart has advised its fresh, leafy greens producers to use blockchain technology to trace the movement of their products under its food traceability initiative, and to have all systems in place about one year from now, according to the company’s website. A letter to its suppliers noted the U.S. has suffered a multi-state outbreak of E coli linked to romaine lettuce, resulting in 210 confirmed cases, 96 hospitalizations and five deaths. Blockchain technology will make product information available in real-time throughout the supply chain from farm to table. Existing Process…

Crypto Mining Malware Grows by 86% in Q2, Over 2.5 Mln New Coin Miner Samples

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The number of crypto mining malware attacks used by hackers has continued rising, with total samples growing by 86% in the second quarter of 2018, according to the latest threat report by cybersecurity firm McAfee Labs released September 25. In the report, cybersecurity experts stated more that than 2.5 million new malware coin miner samples were found in Q2. In comparison, the number of crypto malware attacks in Q1 amounted to around 2.9 million, which is a 629 percent rise from around the 400,000 samples found in Q4 2017. The…

Bitmain Officially Files for IPO As It Faces Growing Competition, BCH Jumps 20%

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Chinese cryptocurrency mining giant, Bitmain, has officially filed an application to conduct an Initial Public Offering (IPO) on the Hong Kong Stock Exchange (HKEX). The application has been long anticipated by analysts, and many cryptocurrency investors are excited at the prospect of being able to invest in the mining operation. First published today, the IPO prospectus document does not offer investors any insight into share pricing or evaluation. However, based on their reported revenue of over $2.5 billion in 2017 alone, it is likely that the company will be valued at…

Ripple and Bitcoin Cash Record 20% as Crypto Market Adds $12 Billion

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The crypto market has demonstrated a gain of $12 billion in the past 24 hours, triggered by a staggering 20 percent increase in the value of Ripple (XRP) and Bitcoin Cash (BCH). On September 25, CCN reported that the volume of XRP was a concern for traders as it dropped from $2 billion to $800 million, by more than 60 percent. Over the past 12 hours, the volume of XRP surged by nearly 60 percent from $1 billion to $2.2 billion. Bitcoin Cash recorded the second highest gain amongst all…