Day: November 6, 2018

‘Too Much Confusion Over Blockchain’

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Ian Khan at Money 20/20: ‘Too Much Confusion Over Blockchain’ November 6, 2018 by George Levy Bitsonline’s George Levy had the opportunity to interview technology futurist Ian Khan at the 2018 Money 20/20 event in Las Vegas to discuss “Blockchain City”, a documentary that captures the rise of blockchain technology across cities worldwide. During the insightful exchange, the futurist shared all he had uncovered while filming the documentary, including the confusion he saw surrounding blockchain technology. Also read: ‘Money … Can Be Better’: A Chat With Dash Core Group CEO Ryan…

15 Banks Join DTCC Post-Trade Blockchain as Project Enters Testing

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The Depository Trust & Clearing Corporation (DTCC) has advanced its main blockchain project to a testing phase with 15 global banks, one of the last steps before taking the tech live.  Announced today, U.K.-based Barclays is among the global banks participating in the test, while the other 14 were not named. Together they will be kicking the tires of DTCC’s distributed ledger and cloud-based platform for its credit derivatives Trade Information Warehouse (TIW). Upon successful completion, DTCC expects to move to an “open” testing phase by the end of the year,…

Ripple (XRP) Briefly ‘Flippens’ Ethereum to Become 2nd-Largest Cryptocurrency

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Twitter Facebook LinkedIn Ripple (XRP), long the world’s third-largest cryptocurrency, capped off an impressive single-day rally with a foray onto the market’s silver podium, briefly evicting ethereum (ETH) from the market cap ranking it has long called home. Ripple (XRP) Challenges Ethereum for Silver Podium The rally, as CCN reported, saw the ripple price rise an astounding 14 percent on a day when bitcoin (BTC) traded sideways, and no other large-cap cryptocurrency rose more than 4 percent. In fact, XRP’s single-day return was triple that of Metaverse ETP, whose 4…

Bitcoin News Crypto Currency Daily Roundup November 6

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The rundown: Bitcoin and all major currencies were up in the morning; Change Healthcare and TIBCO Software to use blockchain to a healthcare system; Deloitte and Attest partner to build a blockchain-powered digital identity solution; Substratum is launching a new cryptocurrency exchange; consumer protection lawyer and CEO of Blockchains Jeffrey Berns plans to build a crypto city in Nevada; and more. Here is what is happening in the cryptocurrency market on Tuesday. SEE: VeChain, Chinese Energy Firms Partner to Build Blockchain-Based LNG Solution SEE: Coinsource Gets License to Operate Bitcoin…

After ‘Taking out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Digital’s Novogratz

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Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019. Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900. “Bitcoin has to take out $6,800, and after that we could end the year at $8,800-9,000,” he said. The largest cryptocurrency has refrained from any marked movements up or…

Thailand’s Tax Authority Taps Blockchain to Fight Tax Evasion

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Twitter Facebook LinkedIn In its fight against tax evasion Thailand’s tax collection agency will turn to blockchain technology among other measures to fight the vice. According to the director-general of the Revenue Department, Ekniti Nitithanprapas, the government agency will employ blockchain technology in verifying whether owed taxes were paid in the correct amounts. Per the Bangkok Post, distributed ledger technology will be used in hastening the tax refund process by the department which falls under the country’s Ministry of Finance. The director-general of the Revenue Department, who was appointed to…

Blockchain Solution to Boost UK’s Deteriorating Farm Revenue

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Fieldcoin is proposing a blockchain based land marketplace that will boost revenue from agribusiness ventures. The company’s innovative solution comes in the wake of a survey reported by Farming UK depicting that a fifth of UK’s farmers are considering alternative revenue streams for sustainability. The report denotes that among the most likely ventures being considered by the farmers include renewable energy at 29%, property letting at 15%, holiday lets at 12%, lively stables, outdoor leisure and farm shops at 6%, 5% and 2% respectively. The study established that beefing up…

Project Helps Investing in IT Companies

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BaseCore, a US-based blockchain project, reveals a new security token concept which allows investing in private IT companies, like Uber, AirBnB and Grab, among others. According to the project’s whitepaper, the BaseCore token is backed by a portfolio containing the assets of private IT companies. These assets are impossible to purchase on the stock market, as the companies are not public. The paper states, “This feature of the token allows it to become one of the most stable digital currencies on the market.” The BaseCore company aims to purchase shares…

5,000 BTC Missing, and Other Details of the Winklevii vs. Shrem Case

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On November 2, details of a crypto lawsuit featuring major industry players: Bitcoin Foundation founder Charlie Shrem on one side, and the Winklevoss twins on the other, were made public. The case alleges that Shrem “stole” around 5,000 Bitcoin (BTC) from Tyler and Cameron Winklevoss in 2012. Brief introduction to both sides of the conflict Charlie Shrem Charlie Shrem is an American entrepreneur and renowned Bitcoin advocate. He started investing in Bitcoin in 2011, when he was a college senior. Later the same year, he co-founded the now-defunct BitInstant, one…

Remixpoint to Facilitate a Cryptocurrency Payment Service For Limousine Rides in Tokyo

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An anonymous source has revealed that Remixpoint is staging a cryptocurrency payment service for Hinomaru’s Limousines for rides between Tokyo and either Haneda or Narita Airports. According to the source the two partners plan to make the official announcement on Tuesday with the proof-of-concept program scheduled to be unveiled within the month. The service is expected to accept payments in Bitcoins, Bitcoin Cash and Ethereum. About the participants Hinomaru Limousines Inc. has 362 limos and over 160 taxis in its wing according to information on the private company’s website. On…