Day: October 25, 2018

Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash

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On Wednesday, a developer called Tendo Pein announced the launch of a new smart contract programming language for the Bitcoin Cash network. Pein said “Spedn,” a BCH-based language, is designed for explicitness and safety while having a syntax similar to the C programming environment. Also read: BCH Devcon Streamlines Bitcoin Innovation in San Francisco  High-Level BCH Smart Contracts Bitcoin Cash proponents have been introduced to a new smart contract programming language specifically designed for the BCH protocol. The developer Tendo Pein has explained in a recent blog post that one of…

Stock Market Plunges But Has No Impact on Crypto: No Correlation?

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This week, the US stock market deleted all of its gains made in 2018 amidst a major sell-off. The crash had no impact on the crypto market, showing no signs of inverse correlation. Possibly affected by the trade war between China and the US along with the increase in Fed rates, the US stock market suffered one of its worst short-term crashes in recent history. Analysts stated that Asia markets are more vulnerable than the US if the stock market crash of the US is to intensify, given the gradual…

Google Ventures-backed Blockchain is debuting a hardware wallet that …

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Google Ventures-backed Blockchain is debuting a hardware wallet that integrates with its software services, a press release shared with Bitcoin Magazine details. In a partnership with hardware wallet manufacturer Ledger, the cryptocurrency software company has developed what it calls “a custom hardware device.” Dubbed the Blockchain Lockbox, the wallet, like Ledger’s own suite of products, will allow users to store their private keys offline in the device. This practice, referred to as cold storage, is considered a safer alternative to hot storage, wherein private keys are held in software connected…

Most Global Financial Firms Think Central Banks Should Issue Digital Currencies

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The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a joint study by IBM Blockchain World Wire and the Official Monetary and Financial Institutions Forum (OMFIF) released Oct. 25. The study includes 21 central banks that participated in the OMFIF’s research between July and September 2017. The reports notes that participants failed to find a compromise on whether governments should issue their own cryptocurrencies, as well as were divided over the associated processes of managing and accessing those CBDCs,…

Major Agriculture Companies Partner to Use Blockchain in Grain Trading

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The world’s four largest agriculture companies, commonly known as ABCD, have partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies, Reuters reports Thursday, Oct. 25. ABCD, composed of Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co., states that blockchain implementation could make trading more efficient and transparent, as well as reduce costs. The conglomerate aims to digitize the system that has previously relied on paper contracts, invoices, and manual payments. According to grain industry news outlet World-Grain.com, blockchain and AI will…

CNBC’s CryptoTrader Claims Coinbase is Preparing for an IPO

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CNBC’s Ryan NeuNer, who hosts CryptoTrader, has promised to release details on the anticipated Coinbase Initial Public Offering. CNBC Cryptotrader exposes details of the Coinbase IPO raise tomorrow on a Cryptotrader exclusive. pic.twitter.com/YG4UOP3ju8 — Ran NeuNer (@cryptomanran) October 25, 2018 CNBC previously reported that Coinbase was likely to take the “most obvious path” and become a public company. According to screencaps published along with the tweet, Coinbase has approximately 25 million users, around 600,000 of whom trade monthly. Coinbase earned almost half a billion dollars last year, 80% of which…

Crypto Market Stagnant as Bitcoin Price Fails to Breakout, Back to $6,390

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Throughout the past 24 hours, Bitcoin price seemed to be demonstrating momentum above the $6,400 mark, showing signs of a potential breakout. However, an abrupt fall from $6,430 to $6,370 put an end to the breakout, as BTC failed to breach a minor resistance level. With the volume of BTC at around $3.4 billion on CoinMarketCap, the chance of a major breakout in the next 24 to 48 hours remains relatively low. Stability of Bitcoin: Same Range Over and Over Again On October 15, heavily affected by speculation around Tether…

СNBC Crypto Trader Host Ran Neuner Claims Coinbase Will Soon Announce Its First IPO

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Ran Neuner, host of of the Crypto Trader show on CNBC Africa, claims that major crypto exchange and wallet Coinbase is about to announce its first Initial Public Offering (IPO), according to a tweet Thursday, Oct. 25. Neuner states that the details on Coinbase’s IPO are to be revealed Friday, Oct. 26, live on the CNBC Crypto Trader show. The host also provided statistics on Coinbase’s revenue and account numbers in his post. The infographics show that the number of users on Coinbase has now reached 25 million, with 600,000…

Malta’s Financial Watchdog Warns Against ‘Dubious’ Crypto Trading Platform

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Malta’s Financial Services Authority (MFSA) has warned of a “dubious” online crypto trading platform it says has falsely claimed to be licensed in the country, English-language newspaper Malta Today reports Oct. 25. The platform in question, “Primetradingbot,” reportedly appears to be running a “high yield” Bitcoin (BTC)-related investment scheme, which the MSFA cautions has “a dubious nature with a high risk of loss of money”. The MSFA has warned that Primetradingbot is not, as it claims, licensed by the watchdog, stating that “although this entity purports to operate from an…

China’s Alibaba Cloud Expands Enterprise Blockchain Offering to Global Markets

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Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group, is enhancing its Blockchain-as-a-Service (BaaS) offering outside China, the company announced in a press release on Oct. 24. Following the roll out of its BaaS platform in China, Alibaba Cloud will expand its enterprise-level blockchain service to major international markets including Europe, the U.S., and South East Asia. Based on two blockchain network implementations — Hyperledger Fabric and Ant Blockchain — Alibaba Cloud’s BaaS is now targeting global enterprises, enabling them to set up secure and solid ecosystem…