Day: November 7, 2018

Analysis of the Global Crypto Exchange Market in Infographics

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In its attempt to present the ecosystem of crypto exchanges, BitMEX has published in-depth research into how these exchanges work. According to their recent tweet, various exchanges were evaluated by using different types of metrics, like web traffic, security policies, and more. In depth report into the crypto exchange ecosystem The robustness of exchanges are evaluated using metrics such as web traffic, average trade sizes, order book depth, security polices and price reliability The report was produced by @CryptoComparehttps://t.co/hmNptuThFY pic.twitter.com/JCSnydGckG — BitMEX Research (@BitMEXResearch) November 6, 2018 The report was…

Trading Platform eToro Unveils Blockchain Solution to Tackle Economic Disparity

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Trading platform eToro has recently unveiled blockchain-driven social project GoodDollar to tackle global wealth inequality, according to a press release obtained by Cointelegraph Wednesday, Nov. 7. GoodDollar had been presented at Web Summit held this week in Lisbon, Portugal. According to the release, eToro has invested $1 million of its funds to the project and is seeking for more partners to join the initiative. The project’s main goal is to provide economic tools for people who are unbanked or disenfranchised, creating “non-speculative cryptocurrency that aims to find ways to reduce…

Two Pro-Crypto Candidates Score Wins in US Midterm Gubernatorial Elections

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Two pro-cryptocurrency candidates have won seats to become governors of the U.S. states of California and Colorado in the country’s midterm gubernatorial elections, fintech news outlet TrustNodes reports Nov. 7. In the California race, Democrat contender Gavin Newsom sealed 59 percent of the electorate’s support to defeat the Republican Party’s John Cox. According to local newspaper The Sacramento Bee, Newsom brought crypto onto the party political scene as early as 2014, when he became one of the first high-profile politicians to accept campaign donations in Bitcoin (BTC). The newly-elected California…

Crypto Exchanges Line Up to Support Bitcoin Cash’s Hard Fork

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Six of the top 10 crypto exchanges by bitcoin cash (BCH) trading volume have announced plans to support the cryptocurrency’s upcoming hard fork on Nov. 15. Bitcoin cash’s roadmap includes upgrades to its core code every six months, but disagreement over some changes to the network have raised the specter that two distinct branches of the cryptocurrency could take shape, given that two implementations – Bitcoin ABC and Bitcoin SV – are being put forward by competing teams. While the outcome isn’t clear, one scenario would see two separate cryptocurrencies arise…

Has Ernst & Young Done What Ethereum Could Not?

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Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum blockchain. This system aims to overcome three main barriers of current transactions and asset transfers on a public blockchain: The ability for companies to conduct secure transactions on a public network; Lower some of the barriers to more widespread blockchain adoption; and Enable a full traceability trail of private transactions. Although still only…

Crypto Exchange Gate.io Removes StatCounter Service Following Report of Security Breach

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Crypto exchange Gate.io has removed web analytics tool StatCounter from their website following a breach report by cybersecurity firm ESET, according to an official blog post published today, Nov. 7. The company has reported that they immediately removed StatCounter’s traffic stats service after receiving a security notice by ESET about suspicious behavior. Gate.io claimed they subsequently scanned the website with 56 antivirus products, and “no one reported any suspicious behavior at that time.” However, the firm still changed its traffic tracker, also reporting that “users’ funds are safe.” On Nov.…

Coinbase’s Mike Lempres, Galaxy Digital’s Mike Novogratz, High Fidelity’s Philip Rosedale and Edelman’s Margot Edelman to Judge Block.one’s EOS Hackathon San Francisco

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Global-leading panei also includes Block.one President Rob Jesudason and Chief Technology Officer Dan Larimer Block.one, publisher of the ground-breaking EOSIO blockchain software protocol, today announced that Mike Lempres, Chief Policy Officer at Coinbase, Galaxy Digital Founder and CEO Mike Novogratz, Edelman Public Relations Vice President Margot Edelman, and High Fidelity co-founder and CEO Philip Rosedale will participate as judges at its EOS Global Hackathon event in San Francisco on November 10-11. The event, which will be opened by Block.one CEO Brendan Blumer, will also feature on its panei of judges…

Blockchain Firm Upgrades App in Quest to Reduce Fatal Air Accidents

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A fledgling blockchain-based company which aims to improve flight safety is gearing up to launch an upgraded version of its app for pilots – software that has been designed to replace the old-fashioned paper logbooks currently used by aviation enthusiasts and professionals. Aeron estimates that 57 percent of aviation accidents can be attributed to human factors – and poor record keeping is often to blame. The company says it is possible for pilots to manipulate records and exaggerate their experience, while airlines may underreport flight hours to save on maintenance…

Price Above $6500 Resistance post US Midterm Elections

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Twitter Facebook LinkedIn Bitcoin on Wednesday challenged new highs as price against the US Dollar surged 1.42 percent within a few hours. CHART FROM TUESDAY NOVEMBER 7, 2018 | SOURCE: TRADINGVIEW.COM The BTC/USD pair built upon the near-term bullish scenario after breaking above the interim resistance explained in our previous analysis. A breakout action above 6421-fiat started attracting long positions towards 6500-fiat as the primary upside target. The pair rallied and established a new intraday high towards 6515-fiat before retreating across the exchanges. It is now trading at 6507-fiat. The…

South Korean Crypto Exchange Bithumb Lanches Payment Service with ‘Asian Amazon’ Qoo10

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South Korea‘s leading virtual currency exchange Bithumb has partnered with Asian e-commerce giant Qoo10 to provide a cryptocurrency payment service, according to an official announcement Nov. 7.   Qoo10, the so called “Asian Amazon,” is a leading South Korean e-commerce company in pan-Asian markets such as Singapore, Hong Kong, China, and Indonesia. The press release notes that the partnership will expand the Bithumb cash payment service as a global payment method. The two companies initially signed a contract in August and proceeded to work with the Qoo10 settlement service and…