Day: October 13, 2018

Cautious Zambia Central Bank Warns on Bitcoin, as Investors Start to Swell

boss

The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat unit, the kwacha, it has a responsibility to promote its own currency. Also read: Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm Central Bank Lacks Legal Backing to Completely Ban Cryptocurrency The Bank of…

Investors are Optimistic in Acquisition of Korea’s Largest Crypto Exchange

boss

On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 million. Investors Highly Optimistic in the Deal For many years, despite three high profile security breaches that have led to the loss of tens of millions of dollars in user…

Ethereum Hard Fork Test Goes Awry, “No Constantinople In 2018” Developer Says

boss

November’s Ethereum Code Upgrade Goes Awry On Testnet On Friday, during the Ethereum Foundation’s bi-weekly developer meeting, the attendees of the call revealed that the planned “Constantinople” hard fork was on track for its November 2018 release. For those who aren’t in the loop, Constantinople is one of Ethereum’s largest upgrades to-date, which will hopefully see the popular blockchain network undergo a variety of changes to better the developer and end-user experience. The most notable of these changes, as covered by Ethereum World News previously, is a block reward deduction…

How Blockchain Can Make Passwords a Thing of the Past

boss

REMME CEO Alex Momot spoke with CCN recently about the project’s goal to eliminate the need for passwords and related security problems using something he calls a “digital passport” that operates on a blockchain. Blockchain Tech Can Make Passwords Obsolete Instead of the password/username architecture, each user device is issued an SSL certificate. The certificate data is stored on the REMME blockchain and authenticated with that technology so that fake certificates cannot be used. Hackers typically target authentication servers and password databases to carry out mass attacks, and the lack…

TRON, Bitcoin, Litecoin, EOS, Cardano

boss

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. On October 11, the total market capitalization of the cryptocurrencies plunged below $200 billion for the first time since September 20, as a global risk-off trade led investors to dump their holdings. However, the encouraging sign is that the sell-off was short-lived and…

Notes from the Senate Floor

boss

Normally, there is very limited room for drawing legitimate comparisons between a Senate hearing and an Mixed Martial Arts (MMA) fight. Yet the hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem,” which took place on October 11, 2018 on the US Senate’s Committee on Banking, Housing & Urban Affairs’ floor, definitely bore quite a few similarities to a hyped sporting event that had made big waves just a few days ago. Two witnesses who were brought to testify on issues and promises of crypto stood by polarising views on the subject…

Tron Releases New Developer Suite, TRX Surges by over 5%

boss

Recently, the Tron Foundation announced the launch of the new Tron Developer Suite. This is a special kind of all-in-one toolkit created to help TRON developers make progress on the mainnet faster and with more efficiency. New developer suite available: TronBox, TronGrid, TronStudio & TronWeb. Developers are now fully equipped to build the best Dapps on #TRON! We are also excited to announce that we officially enter the Smart Contract Era following #TVM main net new version https://t.co/fJXdb35JTy — TRON Foundation (@Tronfoundation) October 9, 2018 This move was seen by…

French Grocery Chain Integrates IBM’s Food Trust Blockchain

boss

IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food safety and supply chain transparency. Immutable ledgers and open databases are a boon to industries with often chaotic supply chains, and the food industry, from production to sales, is chief among these industries. IBM offers…

French Grocery Chain Integrates IBM’s Food Trust Blockchain

boss

IBM has been flirting with blockchain technology for years. The former PC manufacturer has quietly built multiple blockchain technologies while more obviously innovating in spaces like artificial intelligence with its Watson technology. One area of keen interest as to what the blockchain is capable of is product information, tracking, and so forth. More specifically, food safety and supply chain transparency. Immutable ledgers and open databases are a boon to industries with often chaotic supply chains, and the food industry, from production to sales, is chief among these industries. IBM offers…

Amidst Mixed Price Action, Half of Top Ten Cryptos See Green

boss

Saturday, Oct. 13: crypto markets are seeing mixed price movements, as half of the top 20 coins by market cap have grown on the day. The overall market is relatively stable, with two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) seeing changes in value of under 1 percent. Market visualization from Coin360 Bitcoin has been fluctuating between $6,200 and $6,300 over the day. It’s intraday high was $6,323, while the intraday low was $6,259. At press time, Bitcoin is trading at $6,279, down around 0.3 percent over the past 24…