Day: November 4, 2018

Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance

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  Sunday, Nov. 4: crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Market visualization from Coin360 Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as of press time, which is the highest trading point of the cryptocurrency over the past month. Trading around $420 for the most part…

Rapper T.I., Charlie Shrem Sued Over Alleged Pump-and-Dump, BTC Theft Respectively

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  Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US Rapper T.I. Sued for $5 Million After Alleged Failure of FLik Token U.S. rapper T.I. is being sued for $5 million by a group of 25 persons who have alleged that the rapper’s promotion of FLiK tokens led to a loss…

Turkish Police Arrest 11 Suspects in Alleged Hack of Cryptocurrency Wallet Accounts

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The Cybercrime Department of the Turkish National Police has arrested 11 suspects in an alleged hack of crypto accounts, with victims reporting more than $80,000 in losses, major Turkish newspaper Hürriyet reported Friday, Nov. 2. According to the article, 14 individuals have reported to local prosecution authorities that their crypto wallets were hacked with their Bitcoin (BTC) transferred to other wallets. Following the complaints, the Istanbul police launched an investigation against a group of hackers that had allegedly compromised users’ emails, crypto wallets’ accounts data, and passwords. On Oct. 26,…

IBM Files Patent for Blockchain-Based AR Helper System

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Twitter Facebook LinkedIn IBM has filed a patent for a blockchain-based system which will prevent players of augmented reality games entering physical spaces that are undesirable. They cite as examples “high-risk locations, culturally sensitive locations, locations marked by property owners.” Augmented reality is a technology which adds layers to physical reality. An example is Zombie GO, an AR game which places zombie in real life or perhaps the most famous example, Pokemon Go. AR can have other applications than games, however, such as displaying historical views of locations. The aim…

Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps

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Over the last few months, the Bitcoin Cash (BCH) developers who created the Yenom wallet have been developing a lot of BCH applications and tools. On Nov. 3, the Yenom developer Shun Usami revealed a new proposition model for decentralized application development proposals called the Bitcoin Dapps Improvement Proposal (BDIP) standard. Also read: New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day Decentralized Application Proposals for Bitcoin Cash Since the introduction of re-enabled opcodes last May, Bitcoin Cash developers have been steadily working on applications like Memo.cash, Bitdb, and…

The Chequered Saga of Crypto in China, 2018

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  In the aftermath of September 2017’s historic ban on initial coin offerings (ICOs), and the banishment of domestic crypto trading platforms, a resourceful crypto community was already showing signs of devising multiple means of circumventing the authorities’ increasingly draconian actions. Part two of Cointelegraph’s three-part series continues to investigate the factors that catapulted China’s regulators to redouble their efforts to curb the meteoric rise of crypto trades; their unprecedented actions to try to cut the country’s crypto mining titans down to size; the response of China’s tech triumvirate —…

HSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL

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The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL to U.S. client Tricon Energy, which sufficiently reduced both the time and costs of processing documentation. The new system represents a significant improvement in global export market interactions by bringing all parties together on…

Charlie Shrems Legal Dilemmas Continue; Winklevoss Twins Sue “Bitcoin’s First Felon”

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After first going to prison in 2015 for laundering money used on the Silk Road, a new lawsuit by the Winklevoss Twins on November 2, 2018, has been lanced against Charlie Shrem suggesting that the Bitinstant CEO’s legal troubles are far from over. Where’s the Money From Charlie? The origin of the Winklevoss’ legal actions against Shrem comes from the latter’s purchase of at least $4.5 million in cars, boats, and assorted real estate. Considering that Shrem stated in interviews that he went to prison with very little money, the…

HSBC made a blockchain transaction with electronic bill of lading (eBL) platform

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British banking major HSBC has executed a trade finance transaction involving an export by Reliance Industries to an American client using the blockchain, which massively reduced the time taken for processing the documents. The blockchain-enabled letter of credit transaction facilitated a shipment between Reliance and the US-based Tricon Energy, a joint statement issued by HSBC India and Reliance said. “The use of blockchain offers significant potential to reduce the timelines involved in exchange of export documentation from the extant seven-ten days to less than a day,” RIL joint chief financial officer Srikanth Venkatachari was quoted as saying in the statement. The blockchain platform was…

The 8 Main Archetypes of the Cryptocurrency Ecosystem

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The 8 Main Archetypes of the Cryptocurrency Ecosystem November 4, 2018 by Jeff Fawkes There are eight main archetypes in the cryptocurrency ecosystem. All play their part in creating a bustling and innovative industry. Let’s take a quick look at these archetypes for the 101 on who you, the user, are dealing with. Also see: Bitcoin Averts Slaughter, Let the Clubbered Tether Burn. Burn Clubbered Tether… Burn! Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Developers — Those Who Built the Crypto Ecosystem Bitcoin and altcoin developers peer-review…