Day: November 5, 2018

Crypto Is in the ‘Dial-up Days’

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Former U.S. federal prosecutor and current cryptocurrency VC executive Kathryn Haun recently took part in a debate on crypto with Nobel-prize winning economist Paul Krugman, posted on YouTube by crypto venture capital firm Andreessen Horowitz (a16z) Nov. 2. The debate, hosted by Mexican tech company KIO Networks and moderated by local business journalist Rodrigo Pacheco, was reportedly held in Mexico in September 2018. A former federal prosecutor for the U.S. Department of Justice (DoJ) and current general partner at a16z, Haun was representing the optimistic approach towards crypto-related technologies. Krugman,…

Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’

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The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether’s  account at the Bahamas-based institution is “authentic.” The letter, which Tether published Nov. 1, stated – albeit with a prominent disclaimer – that the company held an account at the bank, and that the account’s balance as of Oct. 31 was over $1.8 billion, enough to back all the USDT tokens in circulation 1-for-1. However, as CoinDesk and Bloomberg reported, Deltec would not initially confirm the relationship with Tether. As she had in previous…

Deltec Chairman Says Tether Letter on Bank Relationship Is ‘Authentic’

boss

The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether’s  account at the Bahamas-based institution is “authentic.” The letter, which Tether published Nov. 1, stated – albeit with a prominent disclaimer – that the company held an account at the bank, and that the account’s balance as of Oct. 31 was over $1.8 billion, enough to back all the USDT tokens in circulation 1-for-1. However, as CoinDesk and Bloomberg reported, Deltec would not initially confirm the relationship with Tether. As she had in previous…

This Chicken Coop Feeder Is Powered by Bitcoin Cash Payments in Real Time

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On Oct. 25, an individual posted a live stream on the Twitch Interactive video platform to show the world how Bitcoin Cash (BCH) proponents can instantly feed his chickens online using zero-confirmation transactions. Since the stream kicked off, people have processed over $300 worth of BCH transactions to feed the fowl.  Also read: Miners Have Begun Using Asicboost on the Bitcoin Cash Network Feeding Chickens With Bitcoin Cash Spencer Lambert, owner of the BCH-powered chicken feed system. The peer-to-peer cryptocurrency bitcoin cash is being used to feed chickens in an unusual manner.…

Crypto Markets See Widespread Wave of Green, Bitcoin Pushes $6,500

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Monday, Nov. 5: crypto markets are seeing a wave of decent growth, with all of the top twenty cryptocurrencies by market cap in the green, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is today up close to two percent, trading around $6,400 at press time. Since sustaining mild losses Oct. 29-31, the top coin has in early November been edging close to the $6,400 mark, but failed to break through until today’s solid boost. In a tweet today, crypto commentator Joseph Young underscored the comparatively higher…

Coinsource Gets License to Operate Bitcoin ATMs in New York

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Bitcoin (BTC-USD) ATM operator Coinsource has received approval to install and operate bitcoin machines in New York. The company has been granted a virtual currency license by the New York Department of Financial Services (DFS) to operate bitcoin teller machines (BTM) in the state. First Company To Operate BTMs In New York With this approval, Coinsource becomes the first and only company to operate bitcoin machines in New York. BTMs are touchscreen kiosks which allow customers to buy bitcoin with, or sell bitcoin for, fiat currency in the form of…

Leading Manufacturer Of Graphics Cards AMD Partners With 7 Companies

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The leading manufacturer of graphics cards, AMD, recently entered into a partnership with seven companies for facilitating the creation of a crypto mining rig for miners of every class. In the background, the crypto market is facing tough times. After the historical spike in Bitcoin (BTC) prices in December last year digital currency prices experienced a nosedive in 2018. Naturally, the drop in cryptocurrency prices has had a negative impact on the various sectors of the crypto industry and more on the sector of crypto mining proper.’ Leading manufacturer of…

EOS Is Not a Blockchain, Claims Report

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Killing the Ethereum Killer: EOS Is Not a Blockchain, Claims Report November 5, 2018 by Paul de Havilland In a controversial report, new research has found that EOS is not a blockchain, but rather a homogenous distributed database. Also read: ‘Money … Can Be Better’: A Chat With Dash Core Group CEO Ryan Taylor Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline Killing EOS Softly With His Words: EOS Is Not a Blockchain Whiteblock, a “blockchain testing platform that helps development teams validate performance and deploy…

ING Bank Execute A Blockchain Trade Transaction For Cross-Border Payment

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India’s Reliance Industries will have access to the first ever blockchain-based trade transaction. This comes as a result of a joint execution between Hong Kong and Shanghai Banking Corp (HSBC) India and ING Bank Belgium. The blockchain platform will enable a cross-border payment from a US-based company. In addition, it is an alternative to conventional exchanges which often use paper-based documentation. Presently, buyers and sellers can only complete their transactions through the use of paper-based letters of credit (LCs). Apparently, only a single bank, ING Bank for Tricon Energy USA…

Platform to Bring Decentralized Economy to Mass Adoption

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A new project from Dubai, HetaChain, is developing a universal blockchain platform with “industrial scale computational capabilities.” The project is intended to make blockchain more easy-to-use and flexible for regular users and developers. HetaChain aims to help governmental services, businesses, and organizations create decentralized applications (DApps) and integrate them into different industries, such as banking, e-commerce, robotics, and healthcare. Solving blockchain issues The new Heta Blockchain 3.0 Platform, launched in 2018 by Relam Investment and its founder, Sultan Ali Rashed Lootah, runs a hybrid of the Delegated Proof-of-Stake (DPoS) and…