Day: October 20, 2018

Abu Dhabi Ports Subsidiary Ramps Up Another Blockchain Test

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Abu Dhabi Ports Subsidiary Ramps Up Another Blockchain Test October 20, 2018 by Akshay Makadiya Maqta Gateway LLC, an arm of Abu Dhabi Ports, is partnering with one of the world’s major shipping lines, Mediterranean Shipping Company (MSC), to test a blockchain-based proof of concept set on optimizing the handling of shipping documentation. Also see: Investx to Pursue an Ethical ICO, the Mother of All Oxymorons Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Silsal’s Acid Test Is Nigh The POC trial will see MSC providing operational…

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

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When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging for ETFs, and creating a settlement layer for the ‘new 1%.’ Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty Bitcoin Changed Everything — But Some People Want to Pervert the Original Goals Over the…

Tether Price Creeps Back to 99 Cents But Fails to Reach Dollar Parity

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The tether price (USDT) is once again trading near $0.98 after failing to crack through the $1.00 threshold, prolonging the USD-pegged cryptocurrency’s departure from dollar parity. The USDT token had on Friday briefly surpassed a global average of $0.99, its highest mark since plunging below $1.00 on Oct. 15. Unable to sustain that recovery, the tether price dipped back to an average of $0.979 on early Saturday morning before recovering to a present value of $0.984. Source: CoinMarketCap On Kraken, which allows customers to trade tether directly against physical USD,…

Investx to Pursue an Ethical ICO, the Mother of All Oxymorons

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Investx to Pursue an Ethical ICO, the Mother of All Oxymorons October 20, 2018 by Paul de Havilland Investx has brought in Holo Director David Atkinson as an advisor, as it prepares to launch its ethical ICO. Their efforts to establish and follow a set of ethical principles should bring a welcome breath of fresh air into the toxic ICO arena. Also see: Andreas Hassman on tezos.blue: The ‘Showcase App’ for Tezos Building Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Ethical ICO an Oxymoron An oft-quoted…

Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019

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Mike Novogratz, a prominent cryptocurrency investor, and CEO of Galaxy Investment Partners has toned down his optimism, reiterating that he doesn’t expect a price surge in the price of Bitcoin until institutional adoption occurs, which could happen in the first half of next year. Speaking with Bloomberg’s Erik Schatzker on “Bloomberg Markets: The Close,” the Galaxy Investment Partner who is known for his optimism about the future of cryptocurrencies, notably Bitcoin, said the price of bitcoin wouldn’t break $10,000 in 2018. “One thing you learn in this process is that…

Ethereum Price Shorts Reach Record Levels

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Beginning on Thursday, crypto markets experienced a massive sell-off which affected most coins and brought down total market capitalization of cryptocurrencies to $200 billion, down $25 billion in the space of a few hours in what was overall a bearish week for cryptocurrencies as a whole, but ethereum in particular. Behaviour of investors indicates that the market expects ethereum to fall even further. Record ETH Shorts and Possible Reasons At the moment, of all the major cryptocurrencies, ethereum appears to be the worst hit by the selloff, after months of…

Ethereum Devs Reach Consensus to Delay Constantinople Hard Fork Until January 2019

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Ethereum (ETH) core developers have reached a consensus to delay a planned hard fork of the protocol until January 2019, in a meeting Friday, Oct. 19. The fork, dubbed “Constantinople,” was first trialed on Ethereum public testnet Ropsten on Oct. 13, and had been slated to be activated on the main Ethereum blockchain by the end of Oct.-Nov. this year. A testnet is essentially a simulated version of the primary network that allows developers to try out smart contracts or upgrades without having to pay “gas” (computation fees) for their…

One Year on, ICOs’ Fate Is ‘Worse Than We Thought’

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A new report published Oct. 19 by Big Four auditor Ernst and Young has found that initial coin offerings (ICOs) that raised capital in 2017 have done “little to inspire confidence” one year on. The report, which is dedicated to what EY dubs the “The Class of 2017,” revisits the same projects the firm first analyzed back in Dec. 2017; the sample comprises over 141 “top” ICOs, representing 87 percent of total ICO funding that year. One year later, EY’s statistics are stark: 86 percent of project tokens are reportedly…

One Year on, ICOs’ Fate Is ‘Worse Than We Thought’

boss

A new report published Oct. 19 by Big Four auditor Ernst and Young has found that initial coin offerings (ICOs) that raised capital in 2017 have done “little to inspire confidence” one year on. The report, which is dedicated to what EY dubs the “The Class of 2017,” revisits the same projects the firm first analyzed back in Dec. 2017; the sample comprises over 141 “top” ICOs, representing 87 percent of total ICO funding that year. One year later, EY’s statistics are stark: 86 percent of project tokens are reportedly…

Bitcoin Mining Farm Opened in Armenia .

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A new cryptocurrency mining facility opened in Armenia on Oct. 18. The $50 million farm will extract bitcoin and ethereum using 3,000 machines, according to local media reports. Around 120,000 more miners are to be added in the months to come. Also read: Marks Jewelers Now Accepts Bitcoin Cash For Payments Multi Group and Omnia Establish Landmark Armenian Mining Facility The mining project, spearheaded by Armenian real estate investment company Multi Group Concern and Malta-registered Omnia Tech International Company, was officially launched in the Armenian capital of Yerevan on Thursday. The…