Day: October 18, 2018

Bulletproofs Integration Kicks off New Era of Privacy, Speed

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Monero (XMR) forked successfully earlier today, and the network has seen no major hiccups so far. This release is unlike the usual ones that try to keep up with deterring ASIC miners. The release, called “Monero 0.13.0 “Beryllium Bullet,” includes a significant overhaul of the network’s protocol through the introduction of bulletproofs. Bulletproofs Explained The improved protocol allows for stronger privacy, cheaper and faster transactions, and greater ASIC miner resistance. Bulletproofs is a unique feature among digital assets, at least among large-cap networks. It gives users more privacy by hiding…

‘Cryptocurrency Fever’ Has Begun to Diminish, Russian Central Bank Head Says

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The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18. Nabiullina, while speaking at finance innovation forum Finnopolis held in the South Russian city of Sochi, said that she believes cryptocurrencies and blockchain are now being treated more rationally: “Fortunately, the crypto fever has begun to diminish. Technologies such as blockchain have inspired great enthusiasm, but now, as far as we can see, the approach to them is more sober.” The central bank head…

BTC/USD Forming Doji in Bull Trap

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Bitcoin remains motionless as the price enter yet another day of anxious stability. The Bitcoin-to-dollar exchange rate is extending its sideways consolidation trend. The spike seen at the beginning of this week – mostly because of the Tether crash – is fading aptly in the absence of adequate bullish sentiment, halted near circa 6550-fiat. The push lately brought the pair back towards 6400-fiat where market found a decent bull sentiment. Since then, the price is merely fluctuating inside an almost $150-range. There is still some bullish fundamentals that could fuel…

Global Security Firm G4S Announces High-Security ‘Vault Storage’ for Holding Crypto

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U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding crypto assets in a form of high-security offline storage protecting customers from hacks. G4S also runs both prisons and detention centers, as well as stores cash for “large companies,” the Financial Times notes. According to the senior risk analyst at G4S Consulting Dominic Maciver, the new crypto assets security solution is…

Bitcoin (BTC) Price Analysis: Trends of October 18–24, 2018

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Key Highlights: The pair may resume its uptrend movement soon; the price may break out of the distribution territory; there is a probability of the bulls sustaining the trend. BTC/USD Long-term Trend: Ranging Distribution Territories: $7,383, $7,804, $8,380Accumulation Territories: $6,807, $6,113, $5,848The cryptocurrency is ranging in its long-term outlook. BTC enters consolidation mode on September 6 shortly after the fall from the distribution territory of $7,383 to the accumulation territory of $6,113. The pair has been trading between the range bound of $6,807 and the accumulation territory of $6,113. On…

Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm

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U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In total, BitGo’s series B fund rounding has brought in $58.5 million. According to Bloomberg, Goldman Sachs and Novogratz together contributed about $15 million, as their clients show growing interest in cryptocurrencies. Bloomberg notes that BitGo managed to raise a total of $70 million in all of its fundraising rounds. The significant investment from two firms affiliated…

Cryptocurrency Lender Sees ‘Meaningful’ Bump in Institutional Borrowing

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As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million That’s according to the Q3 Digital Asset Lending Snapshot from Genesis Capital, who in March launched the cryptocurrency industry’s first institutional lending business. Since the service’s launch seven months ago, the firm says that it has originated more than $550 million in loans, $130 million of which are currently outstanding. Source: Genesis Unlike other cryptocurrency loan providers, Genesis Capital — which…

From Public to Private Sector

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In some countries around the world, governments have had a stifling effect on the adoption of blockchain technology. Conversely, the government of the UAE and Dubai have been the driving force behind the promotion of blockchain use in the country. 2018 has seen some significant developments on this front but the foundations had been laid a couple of years ago. Across the private and public sectors, there has been a push to incorporate this new tech to overhaul current systems. This includes as plans to launch a cryptocurrency that will…

Crypto Markets Continue to See Low Volatility, With Scant Few Coins Budging in Price

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Thursday, Oct. 18: Crypto markets are seeing continued stability, with few of the major cryptocurrencies budging in price, as Coin360 data shows. Market visualization by Coin360 Meanwhile, Tether (USDT) has seen marked movement for a “stablecoin.” Having slipped from its U.S. dollar peg to trade well below its historical price range last week, the asset has today seen around 0.7 percent growth as it stakes an attempted recovery. Bitcoin (BTC) is trading at $6,545 at press time, seeing negligible price change on the day according to CoinMarketCap. Despite a short-lived…

Ticketmaster to Enhance Ticketing System with Blockchain in New Partnership

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Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded, according to an Oct. 18 press release. Ticketmaster, a division of the world’s largest live-entertainment business Live Nation, plans to use blockchain technology through the partnership as a way to provide more transparency and better control ticket distribution. Additionally, the company hopes it will protect clients from fraud associated with the existing ticketing system, which works in the form of printed or PDF-based tickets. The blockchain live events company Upgraded will enable Ticketmaster to digitize traditional tickets into interactive…