Month: September 2018

Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire

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Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly called Seven Starts Cloud Group, has invested heavily in artificial intelligence and blockchain companies through companies they acquired and partnered with. The tech company uses the new technologies to disrupt new markets. The U.S. based…

Voting system being integrated with Blockchain in West Virginia

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Voting on the Blockchain The implementation of Blockchain technology in the voting system is a novel idea, that organizations are looking to adapt within the coming years. Most nations are still in the process of the implementation of this extraordinary disruptive technology. However in West Virginia in the US, organizations have successfully adopted the use of the Blockchain as a digital voting system already. Voting on the Blockchain has always been an integral part of the Blockchain technology. Asides from the peer-to-peer transaction of money, voting has been constantly considered for government agencies…

Six Crypto Ratings Agencies & Index Trackers You Should (Or Maybe Shouldn’t) Know About

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Six Crypto Ratings Agencies & Index Trackers You Should (Or Maybe Shouldn’t) Know About September 29, 2018 by Paul de Havilland Time to take a look at crypto ratings agencies, advisors, and indexes. Wherever there’s a market, there’s a ratings agency. The cryptocurrency industry has spawned many of the same evils and irritants as traditional financial instruments: fraud, embezzlement, corruption, Chinese government crackdowns, and sleazy white men in pinstripe suits stealing from unsophisticated, hard working ordinary people. And ratings agencies. Six ratings agencies, advisors, and index trackers have emerged as…

The new era of cryptocurrency investment

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At the beginning of the year, we saw the insatiable appetite of the cryptocurrency and blockchain space from new investors all over the world hitting a near $800 billion market cap. Now in the second half of 2018, the industry has seen a significant pullback to the tune of $200 billion, yet the underlying blockchain technology has nevertheless caught the attention from nearly every Fortune 500 company. The beginning of 2018 started out strong for initial coin offerings (ICO’s), and the general sentiment around investing in distributed ledger technologies, to the…

ShapeShift Is Being Used by Criminals, Illogical Comparison

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An investigative report has been published regarding the popular crypto exchange ShapeShift AG, a firm that is registered in Switzerland. Money laundering is the problem at hand, and the report highlights a potentially worrying theme: that ShapeShift enables anonymous users to convert Bitcoin–which authorities can’t track–into other digital currencies that allow for much more anonymity.  Wall Street Journal Investigation The investigation, conducted by The Wall Street Journal, specifically identified almost $9 million in suspected criminal proceeds that flowed through ShapeShift over the past two years. Overall, most global exchanges operate beyond…

JD.com Opens Institute for Building ‘Smart Cities’ With Blockchain and AI

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A division of Chinese e-commerce giant JD.com, JD Finance, has established the Smart City Research Institute at its headquarters in Nanjing, reported People’s Daily September 28. Jingdong Group (JD.com) is a Chinese e-commerce company that focuses on new technological implementation in e-commerce, logistics, and finance. With the new Institute, JD.com aims to facilitate the development of “smart city” construction with the use of artificial intelligence (AI), big data, and blockchain technologies.   The company’s first regional headquarters in Nanjing will influence “the entire East China region” and aims to reduce industry…

Higher limits and borderless transactions – Wirex launches IBAN

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Wirex, a leading crypto and traditional currency payment platform, launches IBAN on EUR accounts for users in Spain and France whilst increasing account limits – making them some of the highest limits in the industry. “Following collaboration with our financial partners, we have been able to expand our payment offering,” explains Wirex co-founder Pavel, Matveev. “We want to improve the Wirex experience for all users whilst continuing to bridge the gap between our service and conventional finance platforms.” IBANs (International Bank Account Numbers) were first adopted by the European Committee…

Crypto Startup MetaMask Marks Ethereum (ETH) DApp As A Scam

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Ethereum DApp 333ETH Meets MetaMask As reported by The Next Web’s cryptocurrency column just recently, MetaMask, the cryptocurrency startup known for its wallet and decentralized application (DApp) explorer/access point, has just classified a popular Ethereum-based DApp as an “active scam,” blacklisting it in the process. For those who aren’t in the loop, MetaMask is the primary mode for investors and cryptocurrency enthusiasts to access popular Ethereum DApps, so a blacklist from MetaMask is a large setback for any aspiring cryptocurrency startup company that may be eyeing the use of smart…

Blockchain Technology Could Reduce Uncertainty in Foreign Trade

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In its new policy brief, the Austrian Research Center International Economics (FIW) has examined the possible effects of digitization, including blockchain technology, on the export economy, Cointelegraph auf Deutsch reports today, September 28. The report was prepared by Bernhard Dachs from the Austrian Institute of Technology on behalf of the Austrian Federal Ministry for Digital and Economic Affairs and draws a positive image of blockchain technology and artificial intelligence (AI). Dachs states that blockchain technology could make transactions in exports safer and thereby reduce uncertainty. In addition, decentralized technology could…

Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax

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Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid. Latest Bitcoin News As long as investor money is involved, regulation is inevitable. All eyes are on the US SEC. If they do give approve Bitcoin ETFs, then prices will undoubtedly surge. While at it, the…