Month: September 2018

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…

Porsche Increases Investments in New Technologies With Focus on Blockchain and AI Startups

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German automobile manufacturer Porsche AG will increase in its investments in startups — with a focus on blockchain and artificial intelligence (AI) — by around $176 million over the next five years, according to a company press release published September 25. The increase in Porsche’s total investment in venture capital activities for next five years was prompted by the need to “gain access to trends, new technologies and business models,” the press release notes. The investments will be aimed at “early and growth” stage businesses that relate to “customer experience,…

Google Cryptocurrency Ad Ban Lifted

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Big news has just been announced regarding the Google cryptocurrency ad ban. CNBC reported this morning that Google (NASDAQ:GOOGL) is lifting its ban on some cryptocurrency-related advertising and plans to allow regulated cryptocurrency exchanges to buy Google ad space in the US and Japan. This new policy will start October 1st, 2018. Google Cryptocurrency Ad Ban Google announced its plans to restrict cryptocurrency-related ads back in March of this year, but it did not go into effect until June. The company wanted to protect consumers from fraud. Even now, with…

Bitmain’s quest for a multi-billion dollar IPO will take off from Hong Kong

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Bitmain, the largest cryptocurrency mining firm, has finally revealed that its quest for a multi-billion dollar IPO will take off from Hong Kong.  This was after the firm filed an application proof with the Stock Exchange of Hong Kong Limited. This becomes the first time Bitmain opens its financial books for public scrutiny. According to the filed documents, the firm made a profit of $742 million for the first six months of 2018. The records which were filled today, Wednesday 26, indicated that most of the profits came from the…