Month: September 2018

India’s National Stock Exchange Trials Blockchain E-Voting for Listed Companies

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The National Stock Exchange of India (NSE) is testing a blockchain platform developed by Elemential Labs to conduct e-voting for listed companies, local news outlet Hindu BusinessLine reports September 27. The NSE’s pilot will entail tokenizing voting rights and using the blockchain platform to connect the firm, registrar and transfer agents (RTA), and the regulator. Hindu BusinessLine notes that tokenized votes are both easy to transfer and to proxy, and the test will reportedly be used to evaluate how easy it is to audit the entirety of the voting procedure…

AT&T Launches Suite of Enterprise Blockchain Solutions Using Tech From IBM, Microsoft

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U.S. telecommunications giant AT&T has announced the creation of a suite of blockchain solutions designed to work with tech from IBM and Microsoft, according to AT&T’s September 26 press release. AT&T’s blockchain solutions — which will work with the IBM Blockchain Platform for data recording and Microsoft Azure’s blockchain technology — aim to “bring additional transparency and accountability to even the most complex supply chains” for its enterprise customers. The telecoms company’s blockchain-based suite plans to develop the digitalization of enterprise customers’ business processes, noting that industries including manufacturing, retail,…

Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

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Austria’s government is set to use the Ethereum (ETH) public blockchain to issue €1.15 billion ($1.35 billion) of government bonds in an auction next week, local news outlet Kleine Zeitung reports September 25. Oesterreichische Kontrollbank (OeKB) — one of Austria’s biggest banks with $26 billion in assets in 2017 — will reportedly operate the live blockchain notarization service. During the auction, scheduled for October 2, the bank will issue the bonds on behalf of the Austrian Treasury (OeBFA). Austria’s Finance Minister, Hartwig Löger, noted that the ministry considers blockchain tech…

Argentinean Investors Favor Bitcoin As Peso Plummets

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Argentina is going through an economic crisis, which is why many Argentineans favor Bitcoin (BTC) over the Peso to store capital. The intention is to protect their wealth. However, the heavy rush to secure money by buying Bitcoin has led to a rise in the prices of cryptocurrencies. Interestingly, there are some positive developments in favor of the virtual currencies. To meet the growing demand for Bitcoin, 12 BTC ATMs started their operations in a mall in Buenos Aires recently. Even the number of stores ready to accept cryptocurrency as…

Japan Gov’t Outraged by $60m Crypto Hack of Zaif, Regrets no Suspension

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Earlier this month, major Japanese crypto exchange Zaif was hacked, losing $60 million worth of crypto in user funds. The Financial Services Agency (FSA), the main financial watchdog of Japan, has stated that it regrets allowing Zaif to continue its operation after the exchange was given two warnings to drastically improve its system. “It is extremely regrettable that such an incident happened when (Tech Bureau) was given two business improvement orders,” an FSA official said. Two Warnings on System Failures and Fraudulent Withdrawals On September 24, the Japanese government officially…

BitTorrent ‘Project Atlas’ Integration With TRON Moving Forward, Says CEO Justin Sun

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Decentralized internet startup TRON announced fresh details of its bid to integrate with torrent client BitTorrent in a press release Thursday, September 27, two months after the first plans went public. TRON, which acquired BitTorrent in July for an undisclosed amount, is now seeking to use its TRX token within the platform’s user base to create a hybrid content sharing ecosystem which leverages cryptocurrency. Dubbed “Project Atlas,” the changes will come in the form of a series of “backward-compatible protocol extensions,” the release shared with Cointelegraph now confirms. “To start,…

North and South Korean Approaches Compared

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South and North Korea may be separated by a border that’s only 2.5 miles wide, but the two nations couldn’t possibly be more different, at least when it comes to crypto. South Korea has emerged over the past few years as one of the world’s major crypto-trading centers, with the BTC-KRW (Korean won) market being the fourth biggest among national fiat currencies. By contrast, most North Koreans have almost zero knowledge of cryptocurrencies, even though their government has been engaging in Bitcoin mining and the hacking of crypto exchanges in…

Bitcoin cash bulls aim at $600 after gaining 20% in the last 24 hours

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Bitcoin cash gained 20% in the last 24 hours as one of the best performing digital currencies. In just a few hours, the coin’s price moved from $440 to $550 and is currently aiming at $600 by the looks of it. These gains have been attributed to some positive developments which will be discussed below. Price Analysis After under performing in the recent weeks, Bitcoin cash made a sharp move gaining 20% in the last 24 hours. Additionally, the coin’s price managed to break out of the 50-day SMA and…

Bitcoin Price Watch: BTC/USD is Following Bearish Bias Below $6,540

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Key Points Bitcoin price recovered recently, but it failed to break the $6,540-50 resistance zone against the US Dollar. There is a crucial hurdle formed near $6,540 and two bearish trend lines on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair needs to break the $6,540 resistance and the 100 hourly SMA to gain momentum. Bitcoin price is trading below key resistances against the US Dollar. BTC/USD could retest the $6,400 and $6,350 supports before an upside move. Bitcoin Price Analysis There was a solid…

US Judge Rules to Bring Alleged Cryptocurrency Scam Under CFTC Oversight

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A U.S. federal district judge has ruled that an allegedly fraudulent crypto token meets the definition of a commodity, bringing the case under regulators’ purview, Finance Feeds reports September 27. Judge Rya W. Zobel of the Massachusetts District Court ruled Sept. 25 against a motion to dismiss a case that had been launched by the Commodity Futures Trading Commission (CFTC) against an allegedly fraudulent crypto scheme known as “My Big Coin Pay Inc.,” reported to have been based in the state of Nevada. The CFTC had sued tech entrepreneur Randall…