The Information Commissioner’s Office (ICO) has begun formal enforcement action against 34 organisations that have failed to pay the new data protection fee. The data protection regulator has sent notices of its intent to fine the organisations unless they pay. Those who don’t could face a maximum fine of £4,350. All organisations that process personal data must pay a fee to the ICO unless they are exempt. The money is used to fund the ICO’s data protection work and new and expanded services we have introduced such as our advice…
Month: September 2018
Australia’s Science Agency Scales 30,000 Txs/s on First Global Blockchain Trial
A blockchain developed by CSIRO, Australia’s national science agency, in collaboration with the University of Sydney, has completed a global test on Amazon’s ubiquitous cloud computing network to process 30,000 transactions As reported yesterday, the ‘Red Belly Blockchain’ – developed jointly by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Concurrent System Research Group (CSRG) at the University of Sydney – was put to use in a successful trial on Amazon Web Services (AWS), a popular cloud infrastructure provider. While the blockchain has previously been tested to scale…
Ripple (XRP) price pumps following the announcement of positive developments
Last week Cryptolinenews reported on Ripple’s great performance that pushed it briefly to the second largest cryptocurrency after Bitcoin. However, Ethereum managed to regain its position later after Ripple (XRP) dropped below $0.5 on 24 September. Today morning, however, XRP price surged following the announcement of positive developments. Price Analysis XRP’s price bulls had come to an abrupt end after last week’s 100% Price rise. The surge was as a result of investors piling into the coin after the announcement that Ripple Labs would launch a new product that could…
Tech Giant Dell Looks to Blockchain to Stay Competitive in Indian Server Market
Tech giant Dell EMC Technologies plans to remain a leader in the Indian server market by introducing products that have blockchain capabilities, local news outlet Economic Times India reports September 26. Dell has identified blockchain, artificial intelligence (AI), data analytics, and cloud-compliance as key features that the firm will push forward with in order to retain its edge. According to the Economic Times India, Dell had the highest overall market share of the Indian server market in Q1 2018 at 28.3 percent, up from 19.4 percent in the previous quarter.…
Bitcoin Price Watch: BTC/USD’s Upsides Capped By $6,580
Key Points Bitcoin price declined further, broke the $6,400 support, and traded as low as $6,318 against the US Dollar. There are two bearish trend lines in place with resistance at $6,520 and $6,580 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face a strong resistance near the $6,580 level if there is an upside correction. Bitcoin price extended declines towards the $6,275 level against the US Dollar. BTC/USD may perhaps correct higher, but it won’t be easy for a push…
The Current State of the Bitcoin Network and Its Biggest Block
From soft and hard forks to protocol upgrades, to the implementation of Segwit and to the future outlook of the Lightning Network (LN), the Bitcoin network has come a long way since its inception in January 2009. As of Sept. 18, 2018, the average block size on the Bitcoin network is .8MB and the average number of transactions per block is 1609 — so a few eyebrows were raised when a block over 2MB was added to the blockchain on Sept. 5, 2018. Bitcoin block 540107 came in at 2.26MB; in…
Ripple Price Analysis: XRP/USD Facing Key Resistance Near $0.55
Key Highlights Ripple price declined further and tested the $0.4350 support area against the US dollar. This week’s followed crucial bearish trend line is intact with resistance at $0.5480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair seems to be facing a tough resistance near the $0.5480 and $0.5500 resistance levels. Ripple price bounced back after testing key supports against the US Dollar and Bitcoin. XRP/USD needs to gain momentum above $0.5500 to accelerate upsides. Ripple Price Analysis There were further slides noted below…
Japan’s FSA Demands Information From Crypto Exchange Zaif Regarding Recent Hack
Japanese cryptocurrency firm Tech Bureau Corp’s Zaif exchange was hacked mid-month, where digital coin losses amounted to 7 billion yen ($60 million). Today, the country’s financial watchdog has accused the firm of failing to provide details on how thieves hacked the exchange and also for not explaining its delay in reporting the hack itself. Financial Services Agency After Zaif Tuesday, the Financial Services Agency (FSA) issued a business improvement order to the Osaka-based firm ordering it to provide details how the theft occurred, what measures will be put in place…
Another Institutional Trading Platform Ready to Launch Ethereum Futures
There has been much talk recently about the possibility of Ethereum futures and their impact on crypto markets. That possibility has taken a step closer to reality this week as crypto trading platform LedgerX readies its Ethereum futures products. It may not be time to get too excited yet though, since it was plainly obvious what happened after Bitcoin futures were launched at the end of 2017. Ethereum has been in the doldrums lately, lulling around its lowest price levels for over a year. Giving traders the ability to short…
Ethereum Price Analysis: ETH/USD Sellers In Control Below $224
Key Highlights ETH price traded further lower and tested the next support at $204 against the US Dollar. There are two bearish trend lines in place with resistance at $220 and $234 on the hourly chart of ETH/USD (data feed via Kraken). The pair has to move back above the $224 and $228 resistances to recover in the short term. Ethereum price is facing an increased selling pressure against the US Dollar and bitcoin. ETH/USD could accelerate losses as long as the price is below $224. Ethereum Price Analysis Yesterday,…