Day: October 26, 2018

BTC/USD Predictable amid Low Volume

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The Bitcoin-to-dollar exchange rate on Friday remained entrenched into the stable territory amid low volume. The BTC/USD is currently trading at 6406-fiat, just 0.42 percent above its intraday low. The pair continues to bounce between a $58 wide range, providing day traders plenty of profitable opportunities to enter and exit the market on every pullback action. At the same time, the quoted US Dollar index (DXY) recently posted yearly highs at 96.62-fiat but retraced back to the nearby support level at 96.08. The reverse correlation between BTC and DXY continues…

Unwriter Launches ‘Bitsocket’ — A Push API for the Bitcoin Cash Network

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After a slew of new applications released over the last six months, on Oct. 24 the software developer Unwriter published another platform for the BCH ecosystem called Bitsocket; a real-time application program interface (API) for Bitcoin Cash. Essentially Bitsocket compliments Unwriter’s Bitdb ‘pull’ based API with a ‘push’ based infrastructure for transactions on the Bitcoin Cash network. Also read: SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims Unwriter Publishes a Bitcoin Cash Transaction Push API Called Bitsocket The developer Unwriter recently created a new application called Bitsocket, push notification infrastructure…

All Quiet on the Crypto Front as Bitcoin, Altcoins Shun Volatility

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An eerie calm continues to linger over cryptocurrency markets Friday, Oct. 26, as Bitcoin (BTC) volatility hits an all-time low and altcoins remain stagnant. Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 paints an underwhelming picture for short-term speculators, but one that has delighted many analysts, who have begun hailing a new era of Bitcoin stability. On Friday, Bloomberg joined the multiple cryptocurrency industry commentators to highlight Bitcoin’s lack of volatility, with October 2018 being the least volatile for eighteen months. Commentators claimed this was a sign…

Crypto Doesn’t Challenge Our Hegemony in the Short to Medium-Term

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CEO of global payment giant Visa Al Kelly stated that cryptocurrency does not pose a challenge to the company’s dominance in the payment sphere in the “short to medium-term,” in an interview on CNBC‘s Mad Money Oct. 25. When asked if “crypto [is] a real challenge to Visa’s hegemony in this business,” Kelly told Mad Money host Jim Cramer that it was “certainly not in the short to medium-term in any way.” According to Kelly, crypto needs to “move from being a commodity to really being a payment instrument” before…

IBM and Maersk Struggle to Sign Partners to Shipping Blockchain

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It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

IBM’s New Blockchain Problem: Maersk-Backed Shipping Effort Is Struggling

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It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

IBM’s New Blockchain Problem: Maersk-Backed Shipping Effort Is Struggling

boss

It’s hard enough to get enterprises that compete with each other to work together as a team, but it’s especially tricky when one of those rivals owns the team. Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains. Some 10 months ago, the project was spun off from Maersk (the largest container shipping company on the planet) into a joint venture with IBM. But in that time the network has enticed only one other carrier onto…

Indian Supreme Court Sets Two Week Deadline for Gov’t to Clarify Stance on Crypto

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The Indian Supreme Court has set a deadline of two weeks for the country’s government to present its official position on cryptocurrencies, Indian newspaper The Economic Times (ET) reports Friday, Oct. 26. After multiple delays, the court has finally held a hearing on several petitions filed by Indian crypto community following the Reserve Bank of India (RBI)’s prohibition on banks engaging with crypto and crypto-related businesses back in April. Nakul Dewan, counsel for nine cryptocurrency exchanges cited by ET, said that even though the RBI had not placed an official…

Bitcoin ATM Saga: Indian Police Arrest Second Unocoin Co-founder

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The law enforcement agents in Bengaluru, recently arrested the CEO and co-founder of Indian cryptocurrency trading company, Unocoin, leading to the death of Bitcoin ATM in Bengaluru. This comes on the heels of the arrest of Unocoin’s first co-founder earlier in the week. Details of the Arrest The situation seems to have worsened for India’s oldest virtual currency trading company, Unocoin, as a second co-founder and CEO of the company, Sathvik Viswanath, was arrested by Bengaluru’s Central Crime branch on Wednesday (October 24). The arrest of another Unocoin co-founder puts…

What 30 Million Ethereum Transactions Reveal about DApp Development

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New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network. According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and exchange activity, with a solitary spot for the popular CryptoKitties dApp. The data shows that contrary to the promise of Ethereum as a simple and powerful engine for powering smart contracts that dApp developers can use…