Day: November 5, 2018

Brave’s BAT Rallies 26% against USD after Coinbase Pro Listing

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Twitter Facebook LinkedIn Basic Attention Token (BAT) on Monday has surged as much as 10.6 percent against the US Dollar from the previous day’s low. The BAT/USD exchange rate today has marked fresh quarterly highs towards 0.322-fiat, totaling the bullish gains to as high as 26 percent since November 2. The pair is also experiencing a quadruple surge in its intraday trading volume, rising from near $8 million to circa $36 million. In long term, however, BAT/USD is still facing a strong pullback sentiment towards the falling trendline which could…

Brave’s BAT Rallies 26% against USD after Coinbase Pro Listing

boss

Twitter Facebook LinkedIn Basic Attention Token (BAT) on Monday has surged as much as 10.6 percent against the US Dollar from the previous day’s low. The BAT/USD exchange rate today has marked fresh quarterly highs towards 0.322-fiat, totaling the bullish gains to as high as 26 percent since November 2. The pair is also experiencing a quadruple surge in its intraday trading volume, rising from near $8 million to circa $36 million. In long term, however, BAT/USD is still facing a strong pullback sentiment towards the falling trendline which could…

VeChain, Chinese Energy Firms Partner to Build Blockchain-Based LNG Solution

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LNG Carrier /Flickr Singapore based blockchain firm VeChain has formed a partnership with two Chinese energy companies to build a liquefied natural gas (LNG) management solution using blockchain. At the China International Gas & Heating Technology and Equipment Exhibition 2018 hosted by the China Gas Association, it was revealed that ENN Energy Holdings and Shanghai Gas will use the blockchain technology to develop an LNG management solution in bid to streamline the supply chain data in the energy and gas industry. Partnership To Use VeChainThor Blockchain As part of the…

Bancor Begins Cross-Blockchain Token Trading Between Ethereum and EOS

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Decentralized liquidity network Bancor announced it had completed its partnership with EOS to provide cross-blockchain token swaps in a press release shared with Cointelegraph Nov. 5. Originally announced in September, Bancor has now expanded to the EOS blockchain, using its decentralized application (DApp) BancorX to allow users to convert between Ethereum and EOS-based tokens, without exchanges. The move is the first of its kind, Bancor says in its press release, and paves the way for “vastly more blockchains” to be included in such cross-blockchain trading. “The ability to easily convert assets…

Google’s CEO Sundar Pichai’s Son Uses Home Computer For Mining Ethereum

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Google’s CEO Sundar Pichai aka Pichai Sundararajan recently stated that his 11-year-old son uses a simple home computer for mining Ethereum (ETH). Pichai made the statement while he addressed the New York Times DealBook conference audience. Pichai’s son talked about Ethereum mining when the 46-year-old Indian-American business executive said something related to Bitcoin (BTC) over dinner. Pichai explained how paper money works to his Ethereum mining son The Google CEO stated that he told his son about the way paper money works and the significance of existing banking systems. Pichai…

Bitcoin’s True Stress Test Is Yet to Come

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Rekt? You should see the other guy. For anyone concerned about bitcoin losing another 4 percent in October to post its third straight monthly loss, it’s worth comparing that loss to those seen by traditional financial markets. By standard measures, last month was the worst on Wall Street since the…

Nexign & Bubbletone To Develop Blockchain-Based Business Support System

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Nexign & Bubbletone recently joined hands to develop first blockchain-based business support system (BSS) solution for the telecommunication industry. Together the two companies aspire to build a global marketplace for the telecom sector so that the operators in the field can use blockchain to collaborate. With the help of teamwork, they can individually determine volumes and qualities they can offer to the end users. It is an option that never existed before. New Business Support System to Facilitate Seamless and Secure Exchange The new business support system developed by Nexign…

India’s Biggest Private Company Gets Paid on a Blockchain

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Twitter Facebook LinkedIn Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology. In an industry first, Indian oil and energy conglomerate Reliance Industries completed a trade finance transaction with US-based Tricon Energy, a global chemical distributor. The end-to-end ‘live’ transaction was executed over R3’s Corda blockchain, a press release from HSBC India confirmed. Corda’s blockchain platform is described by the press release as a “single shared application, rather than requiring multiple isolated digital systems across various counterparties, located…

Bitcoin News Crypto Currency Daily Roundup November 5

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The rundown: Bitcoin and all major currencies were up in the morning; blockchain platform Phore Blockchain to list its digital asset phore on the Ternion Exchange; New York-based blockchain firm Blocktech is launching a blockchain lab in Saudi Arabia; Reliance Industries announcedit is has conducted its first trade finance transaction using blockchain; Taiwan changes rules to better regulate cryptocurrency transactions; and more. Here is what is happening in the cryptocurrency market on Monday. SEE: Hong Kong’s Securities Regulator SFC Unveils Crypto Rules SEE: Coinbase Custody Partners With Wilshire Phoenix To…

BitMEX Releases Fork Monitoring Tool in Run-Up to Bitcoin Cash Hard Fork

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The research arm of major Hong Kong-based cryptocurrency derivatives platform BitMEX announced it had launched a network monitoring tool for Bitcoin (BTC) and Bitcoin Cash (BCH) in a blog post Nov. 5. BitMEX described the new resource, ForkMonitor.info, as “useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially useful in helping to detect unintentional consensus bugs.” ForkMonitor is connected to “several” nodes on both the Bitcoin and Bitcoin Cash networks. BitMEX’s release is explicitly times to coincide with an upcoming hard fork of…