October 29, 2018

South Koreans Getting Back into Crypto as Fiat Trading Rises

October 29, 2018 boss

The conducive developments in South Korean crypto space have boosted fiat influx into the market, reveals this month’s data. eToro eanalyst Mati Greenspan pitted Korean Won against the most volumed bitcoin-quoted assets, including the US Dollar, Euro, the Pound and also Tether. The comparison revealed a dramatic surge in the BTC/KRW trading volume compared to other instruments that remained mostly stable throughout this October. SOURCE: CRYPTOCOMPARE.COM Japanese Shift Theory While the Korean Won volume surges against Bitcoin, the one that fell in response is that of the Japanese Yen. At the beginning…

Crypto Markets See Stirrings of Volatility as Major Coins Tip Into Red

October 29, 2018 boss

Monday, Oct. 29: Crypto markets are seeing the first momentum in a while after a period of marked stability: virtually all of the major cryptocurrencies are in the red today, with some seeing losses of between a 4-6 percent range, as Coin360 data shows. Market visualization by Coin360 Bitcoin (BTC) is trading at $6,352 at press time, seeing an almost 2 percent loss on the day according to CoinMarketCap. Having traded sideways throughout the week, the top coin today saw a vertiginous price drop, plummeting from its $6,480 trading range…

Token Uses Bitcoin Principles on Ethereum Blockchain

October 29, 2018 boss

The developers of a token with the slogan “No ICO – No Pre-mine – No Bullsh*t” say it allows users to mine the coin without any mining equipment required, simulating Bitcoin mining mechanism on the Ethereum blockchain. Bitcoinereum, a ERC-20 token created in 2017, is called by its developers the “first Bitcoin minable ERC-20 token on the Ethereum Blockchain.” Its mining system imitates the same mining mechanism on the Ethereum blockchain that is used for creating Bitcoin but instead of using mining equipment the users are “just required to call…

IT Firm Fujitsu Builds Blockchain Settlement Trial Infrastructure for Nine Japanese Banks

October 29, 2018 boss

Japanese multinational IT equipment and services company Fujitsu will build an interbank settlement platform using blockchain technology as part of a joint project with nine domestic banks, a press release announced Monday, Oct. 29. Aiming to “confirm the viability of blockchain technology,” the trial of the platform is being orchestrated by the Japanese Banks’ Payment Clearing Network, also known as Zengin-Net. As part of the development, the platform will use an unnamed “digital currency” to make settlements. According to the release, Fujitsu “will additionally leverage the P2P money transfer platform…

Hitachi and India’s Largest Gov’t-Owned Bank Partner on Major Digital Payments Platform

October 29, 2018 boss

Hitachi Payments has partnered with the State Bank of India (SBI) to establish a nationwide digital payments platform, according to a press release published by Hitachi Oct. 29. Under the aegis of the government’s “Digital India” campaign, Hitachi will provide SBI with solutions including its Internet-of-Things (IoT) platform “Lumada,” which was implemented as the base platform for a major blockchain proof-of-concept (PoC) for supply chain management undertaken with Japan’s Mizuho Financial Group last year. Hitachi Payments is a wholly-owned subsidiary in India of multinational tech conglomerate Hitachi, which provides technology-led…

Bitcoin, Blockchain & Cryptocurrency News

October 29, 2018 boss

Category: Altcoins, Business, Exchange, Finance, News, Regulation Thailand’s Securities and Exchange Commission (SEC) has forbidden the general public from investing in nine unregistered initial coin offerings (ICOs) and cryptocurrencies. The companies in question failed to duly register their business, despite the introduction of a framework to facilitate cryptocurrency investing, reported Bangkok Post on October 27, 2018. Nine ICOs Held An investigation by the SEC found out the… READ MORE Category: Altcoins, Cryptocyclopedia, Mining Vertcoin (VTC) is an older cryptocurrency project that has been around from a time when airdrops and…

Crypto Exchange Bitstamp Acquired by Belgian Investment Firm in ‘All Cash Deal’

October 29, 2018 boss

Cryptocurrency exchange Bitstamp has been acquired by Belgium-based investment firm NXMH in an “all cash deal,” Reuters reports today, Oct. 29. Nejc Kodrič, CEO of the Luxembourg-registered exchange, reportedly revealed the deal had been closed Oct. 25, but declined to share the full terms. The CEO told Reuters that in 2016 Bitstamp was valued at $60 million, up from $39 million in 2014. NXMH is a family investment holding firm which has over 2 billion euros in assets under management, and makes European consumer and tech investments. As per its…

Gov’t Looks To Information, Technology Sphere for Help in Blockchain Use Cases

October 29, 2018 boss

The Tanzanian government has openly invited academics and researchers to collaborate in producing “favorable” blockchain regulations, tabloid-style South African news outlet The Citizen reported Monday, Oct. 29. As part of a speech at the second Annual ICT [Information and Communications Technology] Professionals Conference 2018 in Dar Es Salaam, Dr. Jim Yonazi, the Deputy Permanent Secretary Minister for Works, Transport, and Communications, reached out to the industry for help divining new use cases for blockchain in order to gauge appropriate regulatory moves. “Although we (the government) can have a national…

Crypto Exchange Expert: The Coin That Enthusiasts Are Overlooking

October 29, 2018 boss

Andrew Wong, an executive from International Digital Currency Markets, one of the world’s leading crypto exchanges, believes that Stellar’s potential is being overlooked by enthusiasts and investors. Andrew Wong, who works as a managing partner at International Digital Currency Markets, has argued that Stellar network, along with its Lumens coin (XLM,) can comfortably handle 90 percent of a user’s requirements for smart contracts. He also claimed that it can process 100 times more transactions per second than Ethereum – and all of this is achieved at a lower cost. Reflecting…