Day: October 18, 2018

What are Security Tokens | CCG

boss

You may hear the words, why security tokens are the future?  Are security tokens safe? It’s probably because the STO became the current talk of the cryptocurrency market. In this guide, we are going to explain all the questions behind the hype of security tokens. First of all, let us know about the Tokens in crypto. What are Tokens? In general, Tokens are represented as particular object (physical or virtual element) which can be created in order to provide a limited value to the particular ecosystem. There are different types…

Bitcoin Price Not Correlated to Futures Expiration Dates: Research

boss

The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market. It initially found the presence of institutional investors in the future markets, analyzed their past positions on the futures, compared them to the bitcoin price movements before the future expired. The analysis is rested on…

Gates Foundation to Partner with Ripple and Coil to Support ‘Pro-Poor’ Payment Systems

boss

The Bill and Melinda Gates Foundation is partnering with Ripple Labs Inc. and digital payments firm Coil to implement the Interledger Protocol, the Foundation’s Deputy Director and Principal Technologist Miller Abel tweeted Oct. 17. The Foundation itself has not made a formal announcement regarding the partnership. Apart from the implementation of Ripple’s Interledger Protocol, which is designed to connect different payment ledgers and enable the faster processing of cross-border transfers, the partnership is set to explore the ways Mojaloop can support “pro-poor payment systems.” We are partnering w/ @ripple and…

the New Sidechain Striving to Be a ‘Stable’ Blockchain

boss

On xDai Chain: the New Sidechain Striving to Be a ‘Stable’ Blockchain October 18, 2018 by William Peaster Proof of Authority innovators POA Network and Ethereum’s lead stablecoiners MakerDAO have teamed up on xDai Chain, a “USD-stable blockchain.” The blockchain, technically a sidechain, will allow users to use Maker’s Dai stablecoin for in-DApp payments and smart contract executions. Also see: Ticketmaster Looks to Blockchain in UPGRADED Acquisition Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts xDai Chain Puts Dai Front and Center Developed via a partnership between…

US SEC Launches ‘Strategic Hub’ to Address DLT and Digital Assets Issues

boss

The U.S. Securities and Exchange Commission (SEC) has launched the agency’s Strategic Hub for Innovation and Financial Technology (FinHub), according to an official announcement published Oct. 18. The FinHub will be run by Valerie A. Szczepanik, Senior Advisor for Digital Assets and Innovation and Associate Director in the SEC’s Division of Corporation Finance. The hub aims to facilitate the SEC’s engagement in the fintech-related fields, including, among others, distributed ledger technology (DLT) and digital assets. It will also take over some of the tasks of existing working groups focused on…

New Energy Efficient Samsung Chips Could Benefit Crypto Miners

boss

Samsung’s production wing, Samsung Foundry, has launched a new production process of its 7-nanometer (nm) Low Power Plus (7LPP) process node, which could reduce its energy consumption by up to 50 percent, according to an official press release Oct. 18. The new process, based on extreme ultraviolet (EUV) lithography technology, makes the new 7LPP chips more dense (area efficient) and energy efficient. This could have positive implications for crypto miners usings Samsung’s hardware, as energy costs prove to be a critical factor in the industry’s profitability.   As mining hardware…

Are Mastercard and VISA Cutting Out Unregulated Crypto Brokers and ICOs?

boss

On October 12, Finance Magnates reported that payment giants Mastercard and VISA will both soon group cryptocurrency and Initial Coin Offering (ICO) jurisdictions in a new “high risk” category. What are the consequences for those ‘high risk’ merchants? According to the publication’s undisclosed sources, the ban will be applied to brokers who operate “from unregulated or loosely regulated environments,” and therefore have no license that would show that proper due diligence has been applied to their business. The action reportedly deals with forex, binary, cryptos, and ICOs. More specifically, the…

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

boss

On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according to sources of The Block. Through a corporate alias “PROSPERITY REVENUE MERCHANDISING LIMITED,” Bitfinex has secured a temporary channel to process deposits to its exchange. But, based on historical evidence, the relationship between the exchange…

Infamous Hacker George Hotz Calls Bitcoin Cash the ‘Real Bitcoin’

boss

Well-known American hacker George Hotz, also known as Geohot, has been talking extensively about cryptocurrencies lately, and more specifically about bitcoin cash. On Wednesday, Oct. 17, Hotz published a cryptocurrency programming video using bitcoin cash and showed people how to send a BCH transaction from scratch using the Python programming language. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco Geohot Hacks With Bitcoin Cash George Hotz aka ‘Geohot.’ Popular entrepreneur and hacker George Hotz, aka Geohot, has a reputation for being the first person to unlock the Iphone and…

Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud

boss

Major global ticket sales and distribution company Ticketmaster has acquired Upgraded, a blockchain startup using DLT and “smart tickets” to combat fraud within the industry. Share of Controversy Ticketmaster — which merged with Live Nation in 2010 to form Live Nation Entertainment — is a live music behemoth that either leases, operates, or has equity interest in many entertainment venues throughout the United States. The company promotes over 30,000 concerts and sells hundreds of millions of tickets annually. Live Nation Entertainment also boasts over $10 billion in revenue. It is,…